Citigroup's business in Japan halted

Citibank, a local legal person in Japan, was ordered by the Japanese financial regulator to stop selling its personal business for one months 26th, according to the Kyodo news agency.　　This is the second time in years that the bank has been penalized by regulators.　　In a statement issued 26th, the FSA said regulators found "significant problems" in the internal regulatory system for suspicious transactions such as money-laundering, and opened hundreds of accounts for anti-social groups such as violent gangs.　　According to the punishment decision, Citibank cannot carry on the new personal business through the advertisement, the propaganda, the invitation and so on each kind of promotion method one months from July 15, but does not restrict the customer to request to purchase the bank financial product voluntarily, the bank's company business also will not be affected. Citibank started its branch in Japan in 1902 and set up a local corporate body in 2007. By the end of March this year, Citigroup's Japanese company had a savings balance of 5. 31 trillion yen (about 95 yen and 1 U.S. dollars), net profit of 2008 fiscal year is 26.3 billion yen. Some outlets were banned in September 2004 after a suspicious account was found in its asset operations unit. (according to Xinhua)